✅GBP_CAD broke the rising Support line and the breakout Is confirmed so we are bearish Biased and we will be expecting A further move down after The local bullish correction SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Price is in a support and resistance zone with an inner uptrend that has been broken out and retested and also price broke out of the support zone so we wait for retest and go short
Welcome to our latest analysis of the GBPCAD currency pair! In this video, we delve into the current market conditions, dissecting key trends and providing insights to help you navigate the dynamic forex landscape. Join us as we analyze recent price action, identifying critical support and resistance levels that are shaping the GBPCAD's trajectory. From...
- The market has been trading above a bullish trendline since October 2023 ; The long-term trend was therefor bullish. - At the end of March 2024, the market registered a bearish break-out of its long-term trendline, invalidating the bullish trend. This situation took place as prices failed to register a new market high above 1.7342, before registering a new...
GBPCAD broke and closed below a key daily structure support on Friday. The broken structure turned into a resistance. Today, we see its retest. The price formed a tiny horizontal range on that on an hourly time frame. Its support violation is a strong intraday confirmation. I already shorted the pair. Goal - 1.6966 ❤️Please, support my work with like, thank you!❤️
Here we can see that we got a breakout from the up trend line wait for the retest make a short entry as shown in the picture follow for live updates...
Take a look at our analysis for GBPCAD. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 1.711. Considering the today's price action, probabilities will be high to see a movement to 1.716. P.S We determine oversold/overbought condition with RSI...
Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPCAD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
Hello,Traders! GBP-CAD was trading along The rising support but now We are seeing a bearish Breakout and it is confirmed So I think that the pair Will keep falling down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hello,Friends! GBP/CAD pair is in the downtrend because previous week’s candle is red, while the price is evidently falling on the 6H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 1.707 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely....
Hello traders! ‼️ This is my perspective on GBPCAD. Technical analysis: Here we are in a bearish market structure from daily timeframe perspective, so I look for a short. I expect price to continue the retracement to fulfill the imbalance higher and then to reject from trendline + institutional big figure 1.71000. Like, comment and subscribe to be in touch with...
1- Divergence on MACD indicator. 2- Followed by Convergence. 3- This presents a typical scenario of; Pullback followed by continuation to the Down Side. Looks like Pullback is happening right now. Look for Sell Setups in the shaded zone. Target and protection shown on the chart.
The GBPCAD pair gave us a solid short-term sell signal last time (January 29, see chart below): At the moment it is declining within a Channel Down pattern which emerged after the 6th rejection on the Resistance Zone. Having broken below both the 1D MA200 (orange trend-line) and 1D MA50 (blue trend-line), we are expecting a short-term rebound to price the new...
The GBP/CAD currency pair has formed a double top pattern at 1.72400, indicating a potential rejection of further upward movement. We expect the price to decline, with our first target level at 1.7021. If the decline continues, the next target level (target 2) is 1.70191. We have set the stop loss just above 1.71734.
Price is rising towards the resistance level which is a pullback resistance that aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.70212 Why we like it: There is a pullback resistance level which aligns with the 38.2% Fibonacci retracement. Stop loss: 1.71034 Why we like it: There is a pullback resistance...
GBP/CAD is falling towards a support level which is an overlap support which aligns with the 61.8% Fibonacci projection and could bounce from this level to our take profit. Entry: 1.70854 Why we like it: There is an overlap support level which aligns with the 61.8% Fibonacci projection. Stop loss: 1.70228 Why we like it: There is a pullback support level Take...
Price is rising towards a resistance level which has been identified as a pullback resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.71052 Why we like it: There is a pullback resistance level which aligns with the 61.8% Fibonacci retracement. Stop loss: 1.71720 Why we like it: There is a...
be patient to waiting the confirmation in my idea / analysis base on basic technical, i do prefer SHORT in (2 area) in timeframe H4 , confirm downtrend the area i mark is " IMB " so, lets see guys. DISCLAIMER this is not a signal / recommendation BE SMART save and love your money DYOR !